Computacenter PLC Acquisition (3475H)
March 24 2020 - 5:00AM
UK Regulatory
TIDMCCC
RNS Number : 3475H
Computacenter PLC
24 March 2020
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
BT AND COMPUTACENTER IN TALKS ON THE SALE OF BT'S DOMESTIC
OPERATIONS IN FRANCE
Planned divestment part of BT's ongoing transformation
Deal would strengthen Computacenter's existing business in
France
BT and Computacenter today announce that they have entered
exclusive negotiations on the acquisition of BT's domestic
operations in France by Computacenter. The transaction is subject
to consultations with works councils over a minimum period of two
months. This process will adhere to any additional French
Government guidance issued as a result of the coronavirus pandemic.
It will then be subject to regulatory approval, with completion
expected to take place by the end of 2020.
BT's domestic operations in France include management and
maintenance of IT and network infrastructure, as well as networking
and related professional services. During the fiscal year ending in
March 2019 they generated total revenue of c.EUR118m (c.GBP104m).
The acquisition would enable Computacenter to strengthen its
position in the French networking market and increase the number of
its major domestic customers in France.
The planned transaction is part of BT's ongoing transformation
of its Global unit as it sharpens its focus on delivering
next-generation networking, cloud and security services to
multinational organisations.
BT would retain a strong presence in France serving
multinational businesses and organisations, including access points
to its global network and a cyber security operations centre. BT
and Computacenter also intend to enter into a partnership agreement
in France, ensuring continuity for existing customers and future
growth opportunities.
"With this agreement we are close to reaching another milestone
in the execution of our strategy to make BT Global a more agile
business focused on the growing requirements of our multinational
customers. I believe this agreement will prove a key step forward
for our customers, for our people and for BT. It also offers a
positive future for our domestic customers and the people who
support them," said Bas Burger, CEO of Global, BT.
"This planned acquisition represents a small increase in our
current revenues in France, which totalled EUR644.7m in 2019. The
current coronavirus pandemic shows the importance of secure and
reliable networks to our customers and this deal would
significantly strengthen our existing French business in this
growth area. It would bring our customer offering in France closer
to the broader portfolio in our larger European markets, providing
a strong foundation for our continued long-term growth," said Mike
Norris, CEO of Computacenter Group.
About Computacenter
Computacenter is a leading independent technology partner,
trusted by large corporate and public sector organisations. We help
our customers to source, transform and manage their IT
infrastructure to deliver digital transformation, enabling users
and their business. Computacenter is a public company quoted on the
London FTSE 250 (CCC.L) and employs over 16,000 people
worldwide.
For the year ended 31 December 2019, Computacenter plc's revenue
was GBP5,052.8m with Adjusted PBT of GBP146.3m.For more
information, visit www.computacenter.com
About BT
BT's purpose is to use the power of communications to make a
better world. It is one of the world's leading providers of
communications services and solutions, serving customers in 180
countries. Its principal activities include the provision of
networked IT services globally; local, national and international
telecommunications services to its customers for use at home, at
work and on the move; broadband, TV and internet products and
services; and converged fixed-mobile products and services. BT
consists of four customer-facing units: Consumer, Enterprise,
Global and Openreach.
For the year ended 31 March 2019, BT Group's reported revenue
was GBP23,428m with reported profit before taxation of GBP2,666m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London stock exchange.
For more information, visit www.btplc.com
Enquiries:
Computacenter plc
Mike Norris, Chief
Executive 01707 631601
Tony Conophy, Finance
Director 01707 631515
Tulchan Communications
James Macey White / 020 7353
Matt Low 4200
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END
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